About MoneyGram and Terrapay

Money Gram and TerraPay are both global payment companies that offer secure and reliable services for individuals and businesses to transfer money across borders. MoneyGram has been in operation since 1997 and is headquartered in Dallas, Texas. It offers services such as money transfers, bill payment, and money orders through a vast network of agents and digital channels. Terrapay, on the other hand, is a young and dynamic payment company that was founded in 2015 and is based in Amsterdam, Netherlands. It specializes in digital payments, enabling users to send and receive money through multiple channels such as mobile wallets, bank accounts, and cash pick-up locations. Both companies have a strong focus on innovation and are continually developing new technologies to improve the customer experience.

The Situation in the Market and Business Challenge

Our client required a solution that would provide pre-set rules for directing clients to the appropriate money transfer system, along with the flexibility to customize rules according to the bank’s and clients’ specific requirements. This approach streamlines the interaction between banks and payment systems, accelerates payment processing, and enhances the convenience of mobile banking applications for end-users. However, integrating Node-RED posed several challenges, including a research and development phase to design a sequence diagram outlining the order of method calls.

Our Solution

We have successfully developed an integration solution for our client that seamlessly connects them with two of the most reputable payment systems worldwide: Terrapay and MoneyGram. Our team worked diligently to ensure that the integration was carried out efficiently, providing our client with a streamlined payment processing system that is both secure and reliable.

Benefits of Integrating with TerraPay and MoneyGram for Banks

  • Increased Revenue. By integrating with TerraPay and MoneyGram, banks can expand their reach and offer customers a wider range of payment options. This can attract new customers and increase transaction volumes, resulting in higher revenue for the bank.
  • Enhanced Customer Experience. TerraPay and MoneyGram offer fast and secure payment solutions that can improve the overall customer experience. Banks can leverage these solutions to provide customers with a seamless and hassle-free payment experience, leading to higher customer satisfaction and loyalty.
  • Reduced Operational Costs.  TerraPay and MoneyGram provide cost-effective payment solutions. Banks can use these solutions to streamline their payment operations and reduce operational costs. This can improve profitability and competitiveness in the market.
  • Risk Management. TerraPay and MoneyGram offer robust risk management systems that can help banks mitigate fraud and other security risks. By integrating with these systems, banks can enhance their security protocols and protect their customers’ financial data.
  • Global Reach. With MoneyGram operating in over 200 countries and territories, banks can access a vast global network of customers. TerraPay connects different payment systems and financial institutions, allowing banks to reach customers in markets where they may not have a direct presence. By leveraging these networks, banks can expand their reach and tap into new markets

Benefits of Integration with TerraPay and MoneyGram for Improving the User Experience for the Bank's Clients

  • Simplicity and Speed of Services for Clients. Integration with money transfer systems, such as TerraPay and MoneyGram, can significantly improve the user experience for the bank’s clients by providing them with easy and quick access to a familiar money transfer system through the bank’s mobile application. This reduces the time and effort required to search for and choose the most suitable money transfer method.
  • Comfort and Economy of Clients’ Financial Resources. Clients can choose the most profitable and convenient method of money transfer, depending on the destination country, amount of money, and currency. This can increase the satisfaction of the bank’s clients and lead to greater loyalty.
  • Improved Ease of Use, Security, and Functionality of Bank’s Mobile Application. Integration with TerraPay and MoneyGram can improve the overall quality of the user experience for the bank’s clients by enhancing the ease of use, security, and functionality of the bank’s mobile application. This can lead to an increase in the number of satisfied customers and improved customer retention for the bank.

See the Importance of Integration on Practice

Importance of Integration on Practice

Technology Stack

  • Node.js is responsible for authorization services and API calls of money transfer systems
  • Node-RED stores the business logic (according to what rules to route clients to one or another money transfer system), and is responsible for the rules engine of the integration


Overall, the development of integration with Terrapay and Moneygram using Node.js and Node-RED was an engaging and challenging task. Despite the challenges that arose during the process, we were successful in creating a flexible and scalable system that enables banks to seamlessly connect their mobile applications to widely used payment systems in the Middle East market. With this integration, banks can offer their clients an improved and more convenient user experience, while expanding their reach and revenue opportunities. Overall, we are proud to have been a part of this project and look forward to seeing its impact on the banking industry.

Need an integration partner for your bank? Look no further! Contact us at success@42flows.tech for more details.

You are also welcome to read about other digital solutions of our company in our Case Study section.



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